Gold has historically preserved money and helped it grow, providing stability across generations.
Typically, the more stocks decline, the better gold does. (Chart 2)
Sources: Bloomberg, ICE Benchmark Administration, World Gold Council
*Returns from 31 December 2001 to 31 December 2021. Computations in US dollars for ‘cash’: ICE BofA US 3-Month Treasury Bill Index; ‘US bonds’: Bloomberg Barclays US Agg Total Return Value Unhedged USD; Bloomberg Barclays US Treasury Total Return Unhedged USD; ‘Global bonds’: Bloomberg Barclays Global-Aggregate Total Return Index Value Unhedged USD; ‘EM bonds’: Bloomberg Barclays EM USD Aggregate Total Return Index Value Unhedged; ‘US equities’: MSCI Daily TR Gross USA USD; EAFE equities: MSCI Daily TR Gross EAFE USD; ‘EM equities’: MSCI Daily TR Gross EM USD; ‘commodities’: Bloomberg Commodity Index Total Return; ‘hedge funds’: Hedge Fund Research HFRI Fund Weighted Composite Index; ‘REITs’: FTSE Nareit Equity REITs Total Return Index USD; and ‘gold’: LBMA Gold Price PM USD.
Sources: Bloomberg, ICE Benchmark Administration, World Gold Council
As of 31 December 2020. Return computations in US dollars for ‘US equities’: S&P 500 Index; ‘US treasuries’: Bloomberg Barclays US Treasury Index; ‘gold’: LBMA Gold Price PM; and ‘VIX’: Cboe VIX Index. The VIX is available only after January 1990. For events occurring prior to that date annualized 30-day S&P 500 volatility is used as a proxy. Dates used: Black Monday: 9/1987 - 11/1987; LTCM: 8/1998; Dot-com: 3/2000 - 3/2001; September 11: 9/2001; 2002 recession: 3/2002 - 7/2002; global financial crisis (GFC): 10/2007 - 2/2009; Sovereign debt crisis I: 1/2010 - 6/2010; Sovereign debt crisis II: 2/2011 - 10/2011; Brexit: 23/6/2016 – 27/6/ 2016; 2018 pullback: 10/2018 - 12/2018; 2020 pullback: 31/1/2020 – 31/3/2020.
Retail gold products can include:,
Higher manufacturing costs make a coin costlier on a per ounce basis than a small bar, even if the amount of gold is the same. Similarly, a smaller bar per ounce costs more than a larger bar. The extra cost is called premium. Buying fractions of large bars stored professionally typically yields the most gold per dollar invested.
For more detailed information on gold products and finding the right gold seller for you, download our full investor guide here.
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